Tesla's $1.5bn Bitcoin Buy with American HODL & Preston Pysh - WBD309
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 9 February 2021
⏱️ 70 minutes
🧾️ Download transcript
Summary
On Monday, Tesla made the announcement that Bitcoiners had been anticipating. In their annual report to the SEC, Tesla disclosed that they had invested $1.5 billion in Bitcoin and the Bitcoin price soared to a new all-time high of over $47,000.
In 2020, Michael Saylor and MicroStrategy paved the way for corporations to add Bitcoin to their treasuries and since then several companies have followed suit, including Square and MassMutual.
However, as the richest man in the world and one of the most influential in the tech industry, Elon Musk's could prove to be the most important in the history of Bitcoin. It has sent shockwaves through the corporate world and will make the CEO of every publicly traded company question their treasury strategy. But, what does this mean for Bitcoin? And does this mark the beginning of the corporate race for Sats?
In this interview, I talk to American HODL and Preston Pysh, author, engineer & the host of The Investor Podcast. We discuss Tesla's announcement, MicroStrategy's influence and corporations scrambling to buy Bitcoin.
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Transcript
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| 0:00.0 | There is this global game of musical chairs going on and the music is slowing and the chairs are getting fewer and fewer and at some point the music stops. |
| 0:12.0 | And what happens when the music stops and what happens when the music stops. |
| 0:14.5 | Hello there from Bedford in the United Kingdom the Bitcoin Mecca of the world. |
| 0:20.1 | All right that was a pretty wild day yesterday. Oh my God Tesla buying 1.5 billion dollars of |
| 0:27.8 | Bitcoin. Wow. I don't know what to say really. It was just kind of the wildest day I think I've ever seen in |
| 0:34.5 | Bitcoin anyway welcome to the what Bitcoin did podcast which is brought you by the |
| 0:38.6 | mighty cracken the best place to buy cell trade Bitcoin I'm your host Peter McCormack and last night I |
| 0:43.8 | roped in American Hodel and Preston Pish to talk about this insane Tesla |
| 0:48.6 | announcement. But before that I do have a message from my show sponsors. |
| 0:52.4 | Okay we're gonna to kick off today |
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